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Insurance Company
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Reliance Life Insurance Co Ltd
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Plan Name
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Reliance Imaan Investment Plan
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Plan Nature
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ULIP
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Plan Category
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Investment Plan
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UIN No.
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121L034V01
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About Plan
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Reliance Imaan Investment Plan is an enhanced Unit Linked plan addressing comprehensive needs to strike that perfect balance of Protection and Savings as you grow in your career. This plan gives you ample freedom and we make this freedom more enjoyable by giving you a sense of security.
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Minimum Entry Age
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30 Days
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Maximum Entry Age
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65Years
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Minimum Maturity Age
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18Years
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Maximum Maturity Age
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80Years
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Minimum Policy Term
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6Years
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Maximum Policy Term
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30Years
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On survival of the life assured to maturity, the Fund Value relating to the basic policy and top-ups will be paid. The policy terminates on payment of maturity benefit.
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Death Benefits
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On death before 12th birthday - The death benefit will be the fund value relating to basic policy as on the date of receipt of intimation of death.On death after 12th birthday but before 60th birthday - Deathbenefit will be higher of sum assured less all partial withdrawals made from the basic policy fund in the last 24 months prior to date of death and fund value relating to basic policy as on the date of receipt of intimation of death.On death on or after 60th birthday - Death benefit will be higher of sum assured less all partial withdrawals made from the basic policy fund within 24 months before 60th birthday and all the withdrawals made from the basic policy fund after 60th birthday and the fund value relating to the base policy as on date of receipt of intimation of death.
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Partial Withdrawal Benefit
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You are allowed to make partial withdrawals after the completion of three policy anniversaries or on attainment of age 18 by the life assured whichever is later. The minimum amount of partial withdrawal that can be taken at any time isRs. 5000 and the maximum partial withdrawal amount should not exceed 20% of the fund value at the time of withdrawal.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Reliance Imaan Investment Plan is an ethical investment plan, which means no investment in alohol, cigarette or entertainment related sectors.Reliance Imaan Investment Plan is an enhanced Unit Linked plan addressing comprehensive needs to strike that perfect balance of Protection and Savings as you grow in your career.
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On death before 12th birthday - The death benefit will be the fund value relating to basic policy as on the date of receipt of intimation of death. On death after 12th birthday but before 60th birthday -Death benefit will be higher of sum assured less all partial withdrawals made from the basic policy fund in the last 24 months prior to date of death and fund value relating to basic policy as on the date of receipt of intimation of death.On death on or after 60th birthday -Death benefit will be higher of sum assured less all partial withdrawals made from the basic policy fund within 24 months before 60th birthday and all the withdrawals madefrom the basic policy fund after 60th birthday and the fund value relating to the base policy as on date of receipt of intimation of death. The fund value relating to the top ups will also be paid in each of the above cases. The policy terminates on payment of death benefit.
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On survival of the life assured to maturity, the Fund Value relating to the basic policy and top-ups will be paid. The policy terminates on payment of maturity benefit.
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If you have received a bonus or some lump sum money you can use that as a top-up to increase the investments component in your Policy. Top-ups can be accepted only where the due basic regular/limited premiums are paid up to date. The total top-up premiums at any point in time will not exceed 25% of the total regular/limited premiums paid till that time. The minimum top-up premium at any time is Rs.2,500. Payment of top-ups would not result in increase in sum assured.
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This option is available to for existing Reliance Imaan Investment Plan Policyholders after completion of three policy years from the date of commencement. Under this option, the policy holder can transfer policy benefits (surrender, maturity etc.) either fully or partially to our any another plan wherein this option is available. This option must be exercised at least 30 days before the receipt of benefit under the policy. The terms and conditions as specified in the opted policy document would apply to the policy holder opting for the 'Exchange Option'.
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You are allowed to make partial withdrawals after the completion of three policy anniversaries or on attainment of age 18 by the life assured whichever is later. There would be a 3-years lock-in period on the top-ups for the purpose of partial withdrawals. The lock-in on top-ups shall apply from the date of payment of each top-up. However, this condition will not apply if top ups are paid during the last three years before the maturity.
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Particulars
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Range
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Life Pure Equity Fund 1
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Equities in sectors other than banks and non-banking financial companies, breweries, distilleries, alcohol based chemicals, cigarettes, tobacco, entertainment, leather, suger and hatcheries.
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60% - 100%
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Corporate bonds and other debt instruments/ Bank deposits/ Money Market Instruments
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0% - 40%
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Life Pure Equity Fund 1
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17-May-13
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13.5962
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10-Jul-09
11:59
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Concerns over insurers' IPO listing
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06-Jun-09
10:21
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Reliance Life Insurance to mop up Rs 1,500-2,000 cr through IPO
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23-May-09
12:40
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Reliance Cap plans to sell 10 to 26% of its life insurance unit
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22-May-09
10:40
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Reliance Capital is planning to IPO of its insurance arm
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13-May-09
11:23
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Reliance Life Insurance reduced the number of agents
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30-Mar-09
15:56
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Seeking CEO for Insurance JV
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09-Feb-09
09:58
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Expanding operation beyond Indian shores: Reliance Life CEO
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05-Feb-09
09:50
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Reliance General Insurance launched claim survey 'Motoveys Claimlook'
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20-Jan-09
12:50
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Private insurers see market share rise to 62%
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12-Jan-09
14:50
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Reliance ADAG is in talks to sell a minority stake in its insurance distribution business to THB
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12-Jan-09
13:50
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Reliance Life Insurance launched Group Savings Linked Plan
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22-Dec-08
14:56
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Reliance Life launches Guaranteed Return Plan Series I
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12-Dec-08
11:40
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Reliance Life launches Super InvestAssure Plan - Plus
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08-Dec-08
12:56
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Reliance Life expects the first premium income to cross $1 billion
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05-Dec-08
12:46
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Reliance Life to hire 2,500 managers, 90,000 advisers in 4 months
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